The Bottom of a Large Company Does a Good Job - Chapter 277



Only Noblemtl

Episode 277. Bidding Competition (8)

Tak Jae-min was silent for a moment.

It was not an easy question to answer.

The Future Group does not belong to Tak Jae-min.

Of course, as the eldest son of the Mirae Group and the head of its strategy office, he held a pretty big stake in the future.

Because you can’t fight Tak Hee-min without any force.

Future construction was also one of the materials to fight Tak Hee-min.

It was also risky to borrow the group’s name value to grow its power.

In fact, if the group itself was damaged, it was obvious that Tak Hee-min would use that as an excuse to attack them.

For Tak Jae-min, there was a reason why he had to build the future on a solid foundation.

Because we need more power and money to defeat Tak Hee-min.

Does that mean you can sacrifice all the position and trust you have built within the Mirae Group for the sake of building the future?

That was not the case, of course.

But you want to specify the future group’s guarantee in the contract?

The bank didn’t do that either.

‘I had a hard time persuading the bankers.’

It’s not like they set the rate at 150% because they deceived the bank or because they had such great trust in Tak Jae-min.

Actually, there was a trap here too.

Banks are strict when it comes to lending money.

They persistently review whether or not they can receive it.

I never even thought of fooling those guys.

They told the members who didn’t know anything that it was 150%, but the LTV that the bank would guarantee was up to 60%.

How will the remaining amount be raised?

This is PF procurement through SPC corporation.

SPC, a special purpose corporation established solely for redevelopment, is used to raise PF by jointly guaranteeing the project with Mirae Construction.

Of course, establishing SPC is a problem, and after establishing it, there is also the remaining procedure of signing a formal contract with the financial sector.

But I had already received a verbal promise from the bank.

Setting up a SPC is not difficult.

Since the location is Noryangjin, it will not be difficult to gather investors.

There is also a name called Future Group.

All you have to do is obtain the business license.

After that, I was confident that I could do it somehow.

Of course, there is risk as not everything is set in stone.

That’s why the first financial sector rejected it.

‘I never said I was a first-tier financial institution during the briefing. I didn’t lie.’

There is a downside to this, as it is a promise with a secondary financial institution, but what do you know? The interest rate is a bit high.

The interest burden is the responsibility of the members.

‘It’s a big adventure for me.’

Tak Jae-min, who has a cautious personality, does not like such adventures.

But sometimes managers have to go one step further.

The plan itself isn’t bad.

It was more of a sensational idea that pierced through gray areas than an adventure.

It’s worth taking this level of risk to achieve success.

So, all you have to do is get the business.

As of now, bringing in business has become the biggest mountain.

Because of me, Chae Kyung-jun.

“What do you think? The director is confident, but don’t the union members know much about future construction? I think we can ask for this much to ease their anxiety.”

Even Tak Jae-min, who has a cautious personality, almost shouted in anger for a moment.

‘Are you a union member? Why are you saying such things?’

It was incredibly annoying.

I thought Chae Kyung-jun would be hung up on this part.

But imagining it and actually experiencing it were two completely different things.

First of all, I felt dirty.

‘Are you doing that on purpose?’

A tone of voice that seems to be giving advice and a subtle smile on an expression.

There’s no reason why that guy would take such an attitude.

It’s all a tactic to provoke yourself and make you make mistakes.

At a moment when he had to be careful with every action and word, there was no way Chae Kyung-jun would miss that opportunity.

Tak Jae-min felt even worse.

‘A kid like Tak Hee-min… … .’

For Tak Jae-min, it was both the greatest compliment and the greatest insult.

The actions taken were also similar.

Tak Jae-min, the eldest son of Mirae Group, is currently being pushed out by Tak Hee-min, but he has been receiving training to be the successor since he was young.

No one treated him rudely.

There was no one who treated it as an obstacle to be cleared away.

Except for Tak Hee-min.

Now Chae Kyung-jun has been added to the list.

Tak Jae-min, who was waiting for his answer while standing still, chose his words carefully.

My heart was warm, but my words came out cold.

It was a skill he had developed while dealing with his younger brother, Tak Hee-min, who was like a fox cub.

“Our future construction guarantees it. That alone is enough.”

“So you’re saying you can’t guarantee payment under the name of Mirae Group?”

Tak Jae-min once again controlled his anger.

I couldn’t fall for the trick of a guy who did that on purpose.

Tak Jae-min spoke calmly.

The person you are fighting against now is Chae Kyung-jun, but this is not a one-on-one fight with him.

Their conversation is being heard by union members.

“What do you think will happen if Mirae Group, the head office, guarantees payment? The stock price of Mirae Group as a whole will fall. Then, credit ratings will decline and it will be difficult to secure funds. In this case, we will sign a payment guarantee contract in the name of Mirae Construction. No one does not know that Mirae Construction is an affiliate of Mirae Group.”

Tak Jae-min was looking at Chae Kyung-jun, but in reality, he was explaining things to the union members.

“Well, to put it badly, it’s like turning a blind eye. In short, everyone knows this and just lets it slide. If Mirae Construction can’t handle it, Mirae Group, which is behind it, will step in anyway. Since everyone knows this, the bank made a promise. Oh, this is something I shouldn’t say as the director, but I’m saying it specially because I’m worried that the union members might feel uneasy.”

Tak Jae-min playfully winked one eye.

How is it, it won’t be passed over so easily.

Tak Jae-min’s moves were perfect.

Because we have simulated this situation over and over again.

The union members’ reactions weren’t bad either.

They are also people who have made some money.

I know there is no such thing as unconditional benefits.

I also know that there are gray areas in the world and that there are tricks to exploit them.

The explanation for the construction of the future was valid.

However, the expression on Chae Kyung-jun’s face after his failed attack wasn’t as bad as expected.

It was as if he had expected something like this to happen.

‘What? What do you know?’

Suddenly, Tak Jae-min became anxious.

It was an unexpected situation.

It was the same before.

The opponent often created unexpected situations.

And Tak Jae-min was the type that would waver quite a bit in such cases.

Tak Jae-min’s eyes shook anxiously as if he was foreseeing the future.

really.

I felt like I was dealing with Tak Hee-min.

Feelings of inferiority and anxiety.

That shook Tak Jae-min’s cautious and calm emotions.

For a split second, Tak Jae-min missed the timing to hit the player.

Chae Kyung-jun made the next move.

“Then let me ask you this. What did the financial sector see in Mirae Construction that made them approve the payment guarantee?”

Tak Jae-min answered quickly.

“It’s the future group.”

“To be exact, it would be Director Tak Jae-min, right? He is the eldest son of Mirae Group and the future successor to Mirae.”

To be exact, he was competing with Tak Hee-min, but Chae Kyung-jun did not mention that part.

An excessive amount of useless information disrupts concentration.

This was information that was unnecessary now.

“Since you are looking after Mirae Construction, the bank must have trusted you and made that contract. But, sir, what is your relationship with Mirae Construction? You are literally the head of the headquarters strategy office. You have no direct connection with Mirae Construction.”

Just as Tak Jae-min used Chae Kyung-jun’s words earlier, this time Chae Kyung-jun was using Tak Jae-min’s words to attack him.

Tak Jae-min was about to say, “I am the real owner of future construction,” but quickly closed his mouth.

Even if it is something everyone knows, there are things that should not be said in official settings.

If you admit that, this time Chae Kyung-jun will attack that place.

I am talking about the structure itself that indirectly controls the construction of the future.

Are there really any illegal issues in the process?

It’s a gray area, and even if there is tacit acceptance, admitting it yourself is another matter.

In the political and business world, where there are many people who are trying to check the management succession, he will be the perfect prey to be chewed on.

Because Mirae Group is a large corporation ranked first in the business world.

‘This guy Tak Hee-min. Is he making me dig my own grave?’

Tak Jae-min didn’t fall, but he couldn’t help but feel a cold sweat running down his back.

I kept having the illusion that Tak Hee-min was above Chae Kyung-jun.

Although their appearances and atmospheres are completely opposite, their methods are so similar that it gives me goosebumps.

Chae Kyung-jun, who had been waiting for Tak Jae-min’s answer for a moment, changed the subject as soon as he realized that he had not fallen for his trap.

It was a very quick change of attack.

“Furthermore, I wonder if Mirae Construction has the capacity to take on such a large project. As you all know, Mirae Construction has no experience. Even employees have to prove their abilities to get promoted. Mirae Construction has never taken on even a small project, so do you think they can successfully develop Noryangjin?”

This was the biggest weakness of future construction.

That you have no experience.

Since it is an obvious weakness, Tak Jae-min has also prepared for it.

“Let me ask you the opposite. How clean is Taesung Construction? Of course, I know that it has shown excellent self-purification through this re-construction. But does that mean that all the past mistakes are covered up? What good is having a long history of construction? Are you confident that all of that was clean construction?”

There is no clean construction company in the world.

Because there is no company that builds according to the blueprint in the first place.

The same goes for Taesung Construction.

Chae Kyung-jun took action to get rid of that image by cutting into his own flesh, but it didn’t take long.

If you investigate past construction sites, Taesung Construction will also inevitably reveal dust.

“Aha, so the future construction is clean since there was no construction record at all?”

When Chae Kyung-jun understood Tak Jae-min’s intention and spoke with a smile, Tak Jae-min nodded vigorously.

“Yes. We are starting from scratch. We will maintain a clean slate going forward. Is there a company in this industry that is as clean as we are? That is what we mean by trustworthiness. There has never been a case of poor construction in our future construction, and there will never be one.”

Tak Jae-min also knew that this logic was not perfect.

Well then, what do you think?

All you have to do is fool the union members.

Tak Jae-min felt Chae Kyung-jun’s gaze become sharper for a moment.

In the meantime, I found an opening.

“Aha, so that’s what you’re saying? Jang-Rong’s license is safe because he’s never driven before. So you’re saying that union members should put their lives on the line in the car driven by Jang-Rong’s license?”

It was a metaphor that really resonated with the members’ hearts because it was so easy to understand.

Tak Jae-min quickly moved to the defense.

“If we have a wardrobe license, what about Taesung Construction? A flood truck?”

Considering the image of the construction industry so far, that was also true.

Tak Jae-min laughed out loud on purpose.

As if it were a joke.

It was to make light of the other person’s words by making a joke out of them.

As the fight between the two became more and more explicit, the union members watched with bated breath.

At first, both of them acted coy and briefed the union members, but in the end, the bidding competition is a fight.

There’s nothing more fun than watching a fight.

Moreover, since their interests were at stake, they listened to what the two said without missing a single word.

“No? We scrapped it and built a new one.”

Chae Kyung-jun spoke with such confidence.

At that moment, Tak Jae-min’s breath was caught in his throat.

‘What are you talking about? Why are you so shameless?’

I should have known when you put gold on your face earlier.

This guy is beyond shameless; he’s a total idiot.

“As the director said earlier, Taesung Construction’s self-purification efforts are excellent. Re-construction was a decision that cut through the bones. If we did something like that once, would we be able to do another construction project right after that? If we did that, our CEO or I would have to give up our positions.”

I’ve stopped beating around the bush.

Instead, I got a better result.

Because this isn’t a fight between just the two of them.

If two people were fighting, they would have tried to avoid nitpicking each other by talking indirectly and trying to find the hidden meaning in what was said, but now it was the opposite.

The blatant metaphor rang deep in the union members’ ears.

Besides, there was another thing that did not go according to Tak Jae-min’s intention.

‘What, what? What should we do?’

They were the wind catchers.

As the fight escalated, they tried to intervene somehow, but had no idea what to find fault with.

Because I felt that there was some calculation going on between the two.

‘Young lady, you deserve to get what you pay for.’

Even the windbreakers who had experienced such things were hesitating.

Tak Jae-min also did not want them to interfere at a time when every word was important.

All the union members watched the two’s battle with sweaty palms.